North America Chitosan Market Size, Share & Trends Analysis Report By Grade, By Application (Water Treatment, Food & Beverages, Cosmetics, Medical & Pharmaceuticals, Agrochemicals, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Chitosan Market would witness market growth of 16.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 60.87 kilo tonnes, showcasing a growth of 16.0% (2019-2022).
Chitosan, in food and beverage applications, offers a multitude of uses and advantages, driving its adoption and contributing to market growth. One primary application of this in this sector is as a natural preservative and antimicrobial agent. Thus, the Canada market consumed 10.69 kilo tonnes of Chitosan in the market 2022.
The US market dominated the North America Chitosan Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,495.7 Million by 2030. The Canada market is experiencing a CAGR of 19.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 18.3% during (2023 - 2030).
This is a versatile ingredient in the food and beverage industry, functioning as a natural preservative, thickening agent, stabilizer, and dietary supplement. Growth in the food and beverage industry presents favorable opportunities for the market.
Additionally, as per the data from the Government of Canada, in 2022, the food and beverage processing industry were the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion.
As per the data provided by the International Trade Administration in 2021, the cosmetics sector in Canada generated approximately USD 1.24 billion in revenue. Industry revenue is expected to reach USD 1.8 billion by 2024. Thus, the rising biomedical and cosmetics sectors in North America will help in the growth of the regional market.
Based on Grade, the market is segmented into Industrial, Food, and Pharmaceutical. Based on Application, the market is segmented into Water Treatment, Food & Beverages, Cosmetics, Medical & Pharmaceuticals, Agrochemicals, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Foodchem International Corporation
- FMC Corporation
- Qingdao Yunzhou Biochemistry Co.
- Panvo Organics Pvt. Ltd.
- Advanced Biopolymers AS
- Meron
- Heppe Medical Chitosan GmbH
- KitoZyme S.A
- Kraeber & Co. GmbH
- Golden-Shell Pharmaceutical
By Grade (Volume, Kilo Tonnes, USD Billon, 2019-2030)
- Industrial
- Food
- Pharmaceutical
- Water Treatment
- Food & Beverages
- Cosmetics
- Medical & Pharmaceuticals
- Agrochemicals
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Chitosan Market, by Grade
- 1.4.2 North America Chitosan Market, by Application
- 1.4.3 North America Chitosan Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. North America Chitosan Market by Grade
- 4.1 North America Industrial Market by Country
- 4.2 North America Food Market by Country
- 4.3 North America Pharmaceutical Market by Country
- Chapter 5. North America Chitosan Market by Application
- 5.1 North America Water Treatment Market by Country
- 5.2 North America Food & Beverages Market by Country
- 5.3 North America Cosmetics Market by Country
- 5.4 North America Medical & Pharmaceuticals Market by Country
- 5.5 North America Agrochemicals Market by Country
- 5.6 North America Others Market by Country
- Chapter 6. North America Chitosan Market by Country
- 6.1 US Chitosan Market
- 6.1.1 US Chitosan Market by Grade
- 6.1.2 US Chitosan Market by Application
- 6.2 Canada Chitosan Market
- 6.2.1 Canada Chitosan Market by Grade
- 6.2.2 Canada Chitosan Market by Application
- 6.3 Mexico Chitosan Market
- 6.3.1 Mexico Chitosan Market by Grade
- 6.3.2 Mexico Chitosan Market by Application
- 6.4 Rest of North America Chitosan Market
- 6.4.1 Rest of North America Chitosan Market by Grade
- 6.4.2 Rest of North America Chitosan Market by Application
- Chapter 7. Company Profiles
- 7.1 Foodchem International Corporation
- 7.1.1 Company Overview
- 7.1.2 SWOT Analysis
- 7.2 FMC Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Research & Development Expenses
- 7.2.4 SWOT Analysis
- 7.3 Qingdao Yunzhou Biochemistry Co.
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 Panvo Organics Pvt. Ltd.
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Advanced Biopolymers AS
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Meron Group
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Heppe Medical Chitosan GmbH
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 KitoZyme S.A.
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Kraeber & Co. GmbH
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Golden-Shell Pharmaceutical
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
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